•   
  •   
  •   

Money WestJet reports Q1 profit falls from year ago

16:30  08 may  2018
16:30  08 may  2018 Source:   msn.com

WestJet pilots start strike vote to press contract demand

  WestJet pilots start strike vote to press contract demand The union that represents pilots at WestJet has called for a strike vote to press its demand for its first contract. The Air Line Pilots Association says pilots began voting Wednesday and the balloting will continue for 15 days. The Air Line Pilots Association says pilots began voting Wednesday and the balloting will continue for 15 days.

WestJet Airlines Ltd. say its first -quarter profit fell compared with a year ago after what it called a challenging quarter. If you encounter a comment that is abusive, click the "X" in the upper right corner of the comment box to report spam or abuse.

WestJet Airlines Ltd. say its first -quarter profit fell compared with a year ago after what it called a challenging quarter. If you encounter a comment that is abusive, click the "X" in the upper right corner of the comment box to report spam or abuse.

a large passenger jet sitting on top of a runway© Provided by thecanadianpress.com

CALGARY - WestJet Airlines Ltd. say its first-quarter profit fell compared with a year ago after what it called a challenging quarter in which it booked higher fuel costs.

The Calgary-based airline says it earned $37.2 million, or 32 cents per diluted share, down from a profit of $46.7 million, or 40 cents per diluted share, a year ago.

That fell short of analysts' expectations for earnings of 36 cents per share, according to data from Thomson Reuters Eikon.

Revenue for the three-month period totalled $1.19 billion, up from $1.11 billion in the same quarter last year.

The increase in revenue came as capacity increased 4.3 per cent and revenue passenger miles — a measure of traffic — increased 6.5 per cent.

WestJet's load factor, a measure of how full its aircraft were, increased to 84.8 per cent compared with 83 per cent a year ago.

However, fuel costs per litre rose 14.1 per cent compared with the same quarter last year.

Companies in this story: (TSX:WJA)

Can WestJet pull out of its nosedive? .
WestJet Airlines Ltd. (TSX:WJA) is having a terrible year. Its stock is down 25% year to date, its first-quarter earnings weren’t good and now it’s facing a pilots strike.WJAFF

—   Share news in the SOC. Networks
This is interesting!